China Hubei Emission Exchange announced that it expects to receive CNY 400 million in funding from Shenwu Environmental Technology Co., Ltd. and other investors
China Hubei Emission Exchange announced that it has entered into a capital increase agreement for a private placement of 363,636,363 shares at a price of CNY 1.1 per share for gross proceeds of CNY 399,999,999.3 on October 20, 2016. The transaction will include participation from new investor, Shenwu Environmental Technology Co., Ltd. (SZSE:300156) for 50,000,000 shares. Post transaction, the registered capital of the company will increase from CNY 100,000,000 to CNY 500,000,000.